You're thinking of "DomainSnaps.com".
I honestly do not think this domain name "DropSnap.com" is worth $60. "DomainSnap.com"? Maybe. In my opinion, "Drop Snap" is one of many words in this area you could pick up of a hat as "still available".
It is mostly a "branding" consideration as it holds no real keywords that would help it along. As a "brand" for a very turbulent and volatile market, I think it is in a tough place. If a name like "Domainsbot.com" is being used to brand under, it only seems to strongly imply to me that the name isn't as important as the choice to use it. "SnapBacks", are backorders through SnapNames, no where else. It is a service mark, no matter how much people now use this as a "generic" term for backordering. From what I understand, SnapNames no longer has their private-label program, so that's not even a possibility.
That's just my opinion.
For this to be worth anything more than reg fee, the following names would have to be long gone, and not completely available for registration.
DropBuddy.com
DropPartner.com
DropChamp.com
DropWin.com
DropCapture.com
DropCollector.com
That would make the NEW availability of this name something of a find, and worth more, due to the absence of other options. I would honestly consider the names above more favorably than the name you just got.
~ Nexus